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2017-10-13 05:15:18

NFLX

Netflix

$195.86

0.91 (0.47%)

05:15

10/13/17

10/13

05:15

10/13/17

05:15

Netflix price target raised to $205 from $180 at Citi

Citi analyst Mark May raised his price target for Netflix shares to $205 while keeping a Neutral rating on the name. The recently announced price increases are necessary to address the investment in content and related cash burn, but also reflect the company's pricing power, May tells investors in a research note. The analyst, however, believes the shares at current levels largely price in long-term bull-case assumptions.

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Oct

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NFLXNetflix

$195.86

0.91 (0.47%)

10/11/17

MSCO

10/11/17NO CHANGETarget $225MSCOOverweight

Netflix price target raised to $225 from $210 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne raised his price target on Netflix shares to $225 from $210, stating that he expects less of a churn impact from its new domestic price increases. He estimates that higher average revenue per user will more than offset the estimated near-term subscriber impact from the price increases and raised his 2018 revenue estimates to reflect that view. Swinburne keeps an Overweight rating on Netflix shares.

10/12/17

STFL

10/12/17NO CHANGETarget $230STFLBuy

Netflix price target raised to $230 ahead of earnings at Stifel

Stifel analyst Scott Devitt raised his price target on Netflix to $230 from $200 ahead of the company's Q3 earnings report on Monday, saying he expects "healthy subscriber trends" in the quarter and for the current price increase in the U.S., UK, and other select markets to be much less disruptive than last year. Devitt keeps a Buy rating on Netflix shares.

10/12/17

BERN

10/12/17NO CHANGETarget $230BERNOutperform

Netflix price target raised to $230 from $203 at Bernstein

Bernstein analyst Todd Juenger raised his price target for Netflix to $230 from $203 after the company announced a price increase last week impacting subscribers in the U.S. and several major European countries as well. The analyst reiterates an Outperform rating on the shares.

10/12/17

GSCO

10/12/17NO CHANGEGSCO

Goldman Sachs Tactical Trades ahead of earnings

Goldman analysts led by John Marshall highlight some of the firm's most out-of-consensus opportunities ahead of the earnings season. The firm sees potential for upward earnings revisions to drive share upside in Caterpillar (CAT), ENGlobal (ENTG), McDonald's, (MCD) and Netflix (NFLX) and downwards earnings revisions to drive downside in Grainger (GWW), Cree (CREE), and Tesla (TSLA).

Nuance has ceased development this month of the Swype feature for both iOS and Android, six years after it acquired the company behind the keyboard app for roughly $100M, the Verge reports, citing an emailed statement. Nuance said that it would discontinue support of the keyboard app and shift focus to other products, the report says. "The core technology behind Swype will continue to be utilized and improved upon across other Nuance offerings - and integrated into our broader AI-powered solutions - most notably in Android-based keyboard solutions for our automotive customers," the company said, according to the Verge. Reference Link

Samsung Electronics (SSNLF) and Qualcomm Technologies (QCOM) announced their intention to expand their decade-long foundry relationship into EUV lithography process technology, including the manufacture of future Qualcomm Snapdragon 5G mobile chipsets using Samsung's 7-nanometer LPP EUV process technology. Using 7LPP EUV process technology, Snapdragon 5G mobile chipsets will offer a smaller chip footprint, giving OEMs more usable space inside upcoming products to support larger batteries or slimmer designs. Process improvements, combined with a more advanced chip design, are expected to bring significant improvements in battery life. Last May, Samsung introduced 7LPP EUV, its first semiconductor process technology to use an EUV lithography solution. It is anticipated that EUV lithography deployment will break the barriers of Moore's law scaling, paving the way for single nanometer semiconductor technology generations. Compared to its 10nm FinFET predecessors, Samsung's 7LPP EUV technology not only greatly reduces the process complexity with less process steps and better yield, but also allows up to a 40% increase in area efficiency with 10% higher performance or up to 35% lower power consumption.

Baskin-Robbins, a Dunkin' Brands company, announced its continued expansion in the Toronto, Ontario market with the signing of four new store development agreements with three existing franchise groups. The first Baskin-Robbins shop under these new agreements is scheduled to open in 2019. Currently, there are more than 80 Baskin-Robbins locations throughout the greater Toronto area, and growing the brand there remains a top priority for Baskin-Robbins in 2018 and beyond.

Celanese Corporation will increase list and off-list selling prices for the following acetyl intermediates products: acetic acid, acetic anhydride, butyl acetate, ethyl acetate, and vinyl acetate monomer. The price increases will be effective immediately, or as contracts otherwise allow, and are incremental to any previously announced increases.

Reports Q4 revenue $369.0M, consensus $340.56M. Q4 Adjusted EBITDA was $110.5M for the three months ended December 31, 2017, up 294% sequentially from $28.0M for the three months ended September 30, 2017 and up 691% from $14.0M for the three months ended December 31, 2016.

UP AFTER EARNINGS: Bandwidth (BAND), up 12%... Avis Budget (CAR), up 8.3%... Mindbody (MB), up 8%... SailPoint Technologies (SAIL), up 7.1%... Stamps.com (STMP), up 6.5%... Gulfport Energy (GPOR), up 5.8%... Synopsys (SNPS), up 4.4%... Parsley Energy (PE), up 3.5%... Pandora (P), up 2.5%. ALSO HIGHER: Mellanox Technologies (MLNX), up 10.4% after it updated its first quarter outlook and announced that CFO Jacob Shulman is stepping down. DOWN AFTER EARNINGS: Roku (ROKU), down 22%... Applied Optoelectronics (AAOI), down 12.5%... Stericycle (SRCL), down 9.2%... Castlight Health (CSLT), down 9.1%... Ultra Clean (UCTT), down 8.3%... Trinity Industries (TRN), down 5.6%... Sturm, Ruger (RGR), down 4.9%... CyrusOne (CONE), down 1.7%. ALSO LOWER: Advaxis (ADXS), down 13.2% after it announced a common stock offering... GW Pharmaceuticals (GWPH), down 5.5% after it said that its Phase 2a study of GWP42006 did not meet its primary endpoint... OneMain Holdings (OMF), down 2% after it announced an offering of 4.18M shares of common stock for holders.